"With the succession plan in place and Penny White installed as President/COO, I suggested to the board of directors to consolidate the chairman and CEO positions," stated John McPherson, former chairman. "I felt that as the company now moves into its acquisition of private rail operators, that the role of chairman should be a hands on one and that is clearly Mr. Barron."
"I am honored that my board would entrust this responsibility to me," stated Michael Barron. "I will do my level best to achieve our objectives."